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Nice.
What will put a rocket or a steady upwards re-rating on EXR?
Good to see Roche using Engage
https://www.linkedin.com/feed/update/urn:li:activity:7122950061663117312
This looks interesting JDF7 🤔
https://metainnovationdayquest3.splashthat.com/?trk=feed_main-feed-card_feed-article-content
Oldtramo, nice find.
Sitting patiently, even if not confidently...
The interviewers need to do some research but the investor is spot on .
https://videos.voxmarkets.co.uk/moment/45417/engage-xr-exr-fund-manager-series-gervais-williams-of-premier-miton/
Meta connect starts tomorrow hopefully some interesting updates on Quest 3 also of interest it is live in VR at Meta’s Menlo Park campus ( Engage have hosted that on our platform to as a digital twin for Meta)
https://www.metaconnect.com/en/home
This is very encouraging from Lenovo
“ Thank you for bringing the power of Engage XR to Lenovo HQ this week!
It was great to spend some time together in person and workshop our XR Solutions with Lenovo sales.”
https://www.linkedin.com/feed/update/activity:7110811612747362304?trk=feed_main-feed-card_social-actions-comments
Part 2
“Happy to announce that we are once again teaming up with #fatboyslim to deliver a special #virtualreality #concert experience but this time with a twist.
We will be taking over a warehouse at #butlins for the "All Back to Minehead" #festival and hosting a type of silent disco where ravers will have #quest2 headsets and dance the night away mixing with physical people and remote people via avatars. This could be part of the #futureofmusic where #concert goers get a new way to experience live shows mixed with #virtual and #augmented #realities ”
https://www.linkedin.com/feed/update/activity:7109925896748167169?trk=viral_share
A good write up on Engage here.
https://www.xrtoday.com/augmented-reality/engage-xr-debuts-genai-and-spatial-computing-features/
Copy of presentation here for anyone that missed it.
https://m.youtube.com/watch?v=Em-IhjEzrBU
Solid update and bodes well for the future. LTH here
Group revenue has continued to grow with H1 2023 revenue of c.€2.1 million, an increase of 18% (H1 2022: €1.8 million)
ENGAGE revenue is the main driver of the increase with revenue in the period of c€1.9 million, up 30% (H1 2022: €1.5m)
ENGAGE revenue comprises 91% of H1 2023 total revenue (H1 2022: 83%)
Gross margin in H1 2023 was 93%, up 12% (H1 2022: 81%)
Good update on Athena Ai today should be a good potential revenue boost for EXR
https://engagevr.io/ai/
The market is far from convinced.....
Agree apeirogon good update this is another update from CEO today watch the video it is very impressive.
https://www.linkedin.com/feed/update/ugcPost:7092077620053307392?trk=feed-detail_main-feed-card_social-actions-comments
Https://engagevr.io/corporate-news-engage/
Big increase in US presence. 93% Margin business. Plus a video hosted by FatBoy Slim !!
Irish technology company Engage XR has reported further revenue growth and the addition of 30 new customers despite a global tech crunch.
The group, which specialises in metaverse technology, said its unaudited revenue grew by 18 per cent to €2.1 million in the six months to the end of June.
The tech company’s cash balance also nearly doubled to €9.4 million following a successful €10.5 million fundraise in February.
But what do such sign-ups mean in terms of revenue for EXR or for the process of landing some large multi-year profitable contracts with companies?
Bank of America have signed up.
https://www.linkedin.com/feed/update/urn:li:activity:7085925801895833600
https://www.linkedin.com/feed/update/urn:li:activity:7086741147674439680
Also noted St James Place have joined Engage link in the Enterprise Plazza
After an initial pilot Inspired Education has now signed up for 17 of its schools
https://www.inspirededu.com/news/inspired-education-expands-virtual-reality-and-metaverse-pilot
EXR is it still alive.
Hello anyone still holding Engage / have any idea how they are doing? I’m looking forward to reading their H1 trading update.
Let imus see how long it takes for EXR to see any significant revenue benefit from this Lenovo partnership. And if/when it helps with EXR's landing more profitable contracts with potentially new partners
Results and investor presentation tomorrow hopefully some new updates noticed BSI group are now in the enterprise plazza another good company with lots of connections.
https://www.bsigroup.com/en-GB/about-bsi/financial-information/
I would be surprised if contract amounts are sizeable or on multiple year terms. Just doesn't seem like EXR has any dominant pricing power. Maybe when demand grows on it from many big potential clients, that may change. To be honest, I'm half-hoping for the outside chance that a very big player makes an generous offer for EXR
Thanks oldtramp, it would be great to hear information on contract size and numbers in the annual report.